The Fed Will Save The Economy
The comments below are an edited and abridged synopsis of an article by Darryl Robert Schoon
“We remain committed to using our tools to do what we can, for as long as it takes, to ensure that the recovery will be as strong as possible, and to limit lasting damage to the economy,” said Fed Chair Jay Powell on September 22, 2020.
But the Fed cannot save the economy or us. The Fed is the cause of our problems. However, nothing lasts forever, not even central banking. Stand aside and let it fall.
Regarding gold and silver markets, Sandeep Jaitly says that stock markets have apparently recovered from their pandemic-induced woes. The Dow:gold ratio currently stands at 14:10, down from the 16:25 high achieved in early June, and set to go lower.
The end of an epoch, e.g. a destabilized and collapsing economy, extreme weather events, institutional failure/collapse, a deadly pandemic, heightened collective denial, etc., is a subject Schoon has addressed before. When epochs end, the attention is on the collapse of the epoch. We should remember that the endings of such eras are succeeded by new—and better—eras.
The Middle Ages were succeeded by the Renaissance, the Renaissance by the Age of Enlightenment, the Age of Enlightenment by The Era of Victorian Equilibrium, etc. Each era was unimaginable in the one preceding.
A better world is coming.